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Monday, 08/14/2023 1:10:16 PM

Monday, August 14, 2023 1:10:16 PM

Post# of 21132
you would think that everyone would realize there's an ebb and flow to any stock run. as a stock moves up, it will often test support lines. last i looked, the 5ma was at .0031 and the 10ma was at .0024. i don't think i'm going out on a limb to state that any major pullback will be met with some heavy buying. most of the longs have already staked out their positions, but they'll be happy to add on. hell, i bought at .0016 on Aug 3, and i didn't get enough to make me happy. so i will welcome a pullback. as for buyers backing off, or waiting, this is just smart trading for those who've been accumulating this stock. there was ample opportunity to build a big position below .002. and fer' what its worth, the daily is still positive. the momentum indicators -- ppo and macd -- are still trending up, as is the ADX +DI, and the money flow is also rising. is the RSI overheated? i don't think so. it hasn't hit my regular sell signal RSI (14), which is 80. so am i worried? not really. but as i said earlier, i'm an 'idjit'. and that's why i'm up more than a double in less than 2 weeks. and that's in a stock that 'was' under dilution.

anyways, are 'sum' traders taking profit? of course they are. but are they dumping the stock? come on, get real! we didn't die when it pulled back to .0012. and i don't think pulling back to test the 5 or 10 ma's will be anything more than a buying opportunity.

so, yeah... BRING IT ON.

best of trading to ALL

rich